Sonhos do Mar, Natal city, very last villas from only £68,000 with completion in Q2, 2010
100m2, 3 bedroom villas, newly released on waterfront development with extensive facilities such as Ofuro Spa, tennis & volleyball courts, gym, football pitch and swimming pools in stylish gated community.
Highly desirable location for mid-high earning Brazilian families, optional 4 year rental guarantee.
Brazil Property News: Petrobras announces record profits
13th November 2008 19:00
Brazil's state-owned oil giant Petrobras has announced record third-quarter profits this week.
Those considering buying property for sale in Brazil could be interested to hear the news which hints at an economic resilience in the Latin American nation.
According to the firm, net income boomed by 96 per cent to $5 billion (£3.37 billion) compared to the same period last year.
"The company has benefited from higher oil prices, higher fuel prices and higher output," oil analyst Gilberto Pereira de Souza told Bloomberg.
Petrobras' financial director Almir Barbassa noted that production is expected to be lower in the fourth quarter.
Meanwhile, the firm attended an international oil company forum in China last week.
Among the issues highlighted at the meeting was the need to focus on technological innovation, new business models and greater cooperation among oil firms.
BuyAssociation reported this week that Brazil is in a healthier position to emerge form the global financial crisis than developed nations.
Related News
- Expert: Get into Brazilian property as early as possible
- Buying property in Brazil 'the realisation of a dream'
- Experts: Brazilian property set for 2010 rebound
- Economic figures give encouragement to Brazilian property investors
How to invest in Brazilian property
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